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A companioning has found that the number of items sold, D(p), depends upon the price, p at which they're sold, according the equation D(p)=140e^-0.0005p 1)

A companioning has found that the number of items sold, D(p), depends upon the price, p at which they're sold, according the equation D(p)=140e^-0.0005p

1) Find the Elasticity of Demand at a price of $1000

2) At a price of $1000, should prices be raised or lowered to increase revenue?

3) Using the elasticity of demand, find the price that will maximize revenue.

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